Equity Performance …… January to June 2023

Despite high volatility, stubborn inflation, interest rate hikes and the war in Ukraine, the ALSI and MSCI (USD) grew by 5.9% and 13.9% respectively in the first half of 2023 (see graph below).  This highlights the potential for growth in uncertain times, and the importance of staying invested in order to benefit from it.

Source: Bloomberg, Ninety One SA